The recent criticisms of the CB Governor, Christodoulos Christodoulou, on the incorrect evaluation of the state revenues from the tax reform have ended up in a sparring match between the DISY MP...
High currency rates are not expected to affect tourist arrivals in Cyprus, market experts told StockWatch, commenting on the three-year increase of the Cyprus pound against the dollar and the...
15/05/2003
Public spending for the first two months of 2003 has reached CYP 570 million, that is “within the framework” and the estimated expenditure of the State Budget for 2003. The total amount of the...
14/05/2003
Ten days after the announcement of the Cyprus Government’s supportive measures for the Turkish Cypriots who live in the northern part of the island, Cyprus President Tassos Papadopoulos said that the...
11/05/2003
Finance Minister, Marcos Kyprianou, said that the government is in the midst of implementing our own fiscal policy and clarified that the current budget belongs to the former government. He was...
09/05/2003
... expenditures to burden 2004 deficit Finance Minister, Marcos Kyprianou said that a complementary budget would cover the expenditures “inherited” by the former government, despite the negative...
22/04/2003
The dramatic decline of 30% in state revenues for the first quarter of 2003 compared to the revenues that were expected to flow in the public funds is attributable to two main factors: The decline in...
10/04/2003
The European Commission has officially confirmed the pessimistic forecasts for the performance of the Cyprus economy and has revised downwards its forecasts for the GDP growth for the eurozone from...
09/04/2003
The Central Bank of Cyprus has proceeded to an interest rate cut of 0.5% in an attempt to support the recovery of the island’s economy due to the negative impacts from the ongoing war in Iraq. The...
04/04/2003
International agency Moody’s has warned the Cyprus government to restraint state payroll, as “salaries in the public sector have reported the second largest increase following the financial and...
04/04/2003